NACD Urges SEC to Consider Adjustments to Proposed Say-on-Pay Rules - PR Newswire 22 Nov 2010

NACD Urges SEC to Consider Adjustments to Proposed Say-on-Pay Rules - PR Newswire (press release)

Issues Formal Recommendations on Behalf of Corporate Directors Warning Against Unintended Consequences of Universal Requirements

WASHINGTON, Nov. 19, 2010 /PRNewswire/ -- In response to the U.S. Securities and Exchange Commission (SEC) request for comment on say-on-pay, the National Association of Corporate Directors (NACD), the largest membership organization in the United States representing corporate directors focused on demonstrating exemplary board leadership, today issued formal concerns
regarding proposed new say-on-pay rules for executive compensation
plans, cautioning against dependency on regular, yes-or-no votes.  

NACD's opinions
are grounded in its more than 30 years of proprietary research across a
broad range of board leadership and corporate governance topics,
insights expressed through confidential peer exchanges with its
membership spanning F100 through mid-cap and small cap companies, and
best practices detailed in its Blue Ribbon Commission reports.
Furthermore, NACD's comments were reinforced by a national survey issued
after the SEC's request for comment and drew over 280 responses from
its corporate director members across America.

Representing the voice of its more than 10,000 corporate director

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